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submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

Uber CEO balks after a reporter tells him the cost of his 2.9-mile Uber ride: 'Oh my God. Wow.'::undefined

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[-] fidodo@lemmy.world 30 points 1 year ago

They got investment because they were building a monopoly first. It really just tells you how valuable monopolies are if it wasn't obvious enough already. It's more reason why we can't let monopolies happen.

[-] Regna@lemmy.world 15 points 1 year ago

Like Amazon, which only had net losses for several years (from 1994 to 2002) in order to focus on aggressive growth and outcompeting other similar services by setting excessively low prices on books and media.

this post was submitted on 02 Aug 2023
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